On July 1, 2019, the Tennessee Sports Gaming Act came into effect as Gov. Bill Lee consented to permit the costs to become law without his signature. Gov. Lee emphatically opposed betting however understood that legal online sports wagering remained in his state's benefit.
Review this timeline of Tennessee's sports gambling history for an introduction of its turning points:
Dec. 12, 2024: Tennessee earns a record-breaking $591 million deal with in November, surpassing the state's previous high by $47 million.
Nov. 14, 2024: Tennessee sports bettors wager a record $551 million in October.
Oct. 25, 2024: Tennessee fines Bovada $50k (and counting), for accepting wagers without a license. The Sports Wagering Council (SWC) had actually formerly sent out cease-and-desist letters to the online sportsbook's Curacao address.
Oct. 18, 2024: Bally Bet officially goes live in Tennessee, making it the 12th online operator in the state.
Sept. 19, 2024: Tennessee Titans' Nicholas Petit-Frere signs up with a sports betting company as a fantasy expert after being suspended for sports betting formerly.
Sept. 12, 2024: Tennessee increases its sports wagering handle and income in August thanks to the return of football.
July 23, 2024: A Tennessee man wins $900K at Fanatic Sportsbook after properly picking the result of 4 2024 T-Mobile Home Run Derby matches.
July 22, 2024: SuperBook Sports takes out of 8 post-PASPA states, consisting of Tennessee.
July 12, 2024: Tennessee's SWAC releases June sports betting numbers. With a $344.8 million manage, TN sportsbooks see a 49% boost in year-over-year action.
March 12, 2024: Tennessee's sports wagering handle falls listed below $400 million in February - an 18.6% month-over-month reduction.
Feb. 24, 2024: Tennessee's sports betting deal with continues to fall in January, generating $467.4 million in wagers, which is a 5.5% MoM reduction.
Jan. 25, 2024: PrizePicks adds a brand-new peer-to-peer video game in Tennessee and three other U.S. states - PrizePicks Arena.
Jan. 17, 2024: Tennessee's sports wagering deal with drops listed below $500 million in December, which is a 4.2% drop from November.
Nov. 14, 2023: ESPN BET goes cope with online and mobile sports betting, introducing in Tennessee and 16 other states.
Nov. 2, 2023: ESPN BET prepares to launch on Nov. 14, 2023, with online sports betting wagering going reside in 17 U.S. states, consisting of Tennessee.
Aug. 11, 2023: WynnBET Tennessee announces the closure of its online sports wagering operation as quickly as possible.
June 28, 2023: Tennessee will soon tax sportsbooks based on their betting handle rather of their revenue.
June 13, 2023: ZenSports launches in Tennessee, making it the thirteenth mobile operator in the state.
May 18, 2023: Gov. Bill Lee authorizes changes to Tennessee's sports betting tax rule.
May 1, 2023: Fanatics Sportsbook introduces its mobile app in Tennessee and Ohio.
April 27, 2023: Fanatics prepares to introduce its sports wagering app in Tennessee on Monday, May 1. Current Fanatics consumers will get a special code to access the app.
April 25, 2023: Yahoo obtains Wagr, a social peer-to-peer sportsbook app established in Nashville, TN.
April 21, 2023: The House authorizes HB 1362, an amended version of the Senate's SB 0475. If signed by Gov. Bill Lee, Tennessee will become the very first state to tax sports betting operators on their total deal with. A 1.85% tax on sports wagering manage would change the current 20% tax on gross earnings.
April 19, 2023: Tennessee sportsbooks take in $392.6 million in sports bets in March - a 20% bump from the state's February deal with.
March 1, 2023: Fanatics receives its mobile sports wagering license in Tennessee. However, it has no specific launch date prepared.
Feb. 24, 2023: Following a strong proving in December, Tennessee's sports wagering deal with fell in January by nearly 7%.
Feb. 15, 2023: The Sports Wagering Advisory Council (SWAC) estimates that Tennessee missed out on about $11 million in tax earnings in 2022 because several operators - including Caesars, DraftKings, and BetMGM - failed to hit the state's 10% hold guideline.
Feb. 13, 2023: ZenSports, recently gotten by KeyStar Corp, could end up being Tennessee's 14th legal betting website if its application is authorized.
Dec. 19, 2022: BetMGM is called an official sports betting partner of the Nashville Predators. The multi-year collaboration consists of a BetMGM-branded restaurant and signage at Bridgestone Arena.
Dec. 15, 2022: November wagering translates to a brand-new Tennessee sportsbook wagering record, as wagering websites dealt with $439.5 million in wagers.
Nov. 11, 2022: Tennessee sports betting wagering strikes a record high in October, as the state records an all-time deal with of $405.3 million.
Oct. 24, 2022: Tennessee's sports wagering regulator approves license renewals for BetMGM, DraftKings, FanDuel, and Action 24/7.
Oct. 18, 2022: Tennessee sports wagering in September saw a huge increase compared to August, as online sportsbooks generated more than $336.9 million in bets.
Sept. 6, 2022: Acid rock Sportsbook releases in the state, ending up being TN's 11th active sportsbook.
Aug. 16, 2022: Tennessee ends up being the 3rd state to release a Betly online sportsbook.
Aug. 3, 2022: Caesars Sportsbook becomes an official sports betting partner of the Memphis Grizzlies.
April 27, 2022: SuperBook introduces sportsbook operations in Tennessee.
April 14, 2022: Wagr, a Tennessee-based sportsbook, ends up being the main sports betting partner of the MLS' Nashville FC.
March 10, 2022: The Tennessee Sports Wagering Advisory Council (SWAC) approves 3 new mobile sportsbooks. When Bally Bet, Betly, and SuperBook launch online operations, TN will depend on 13 certified sportsbooks.
Feb. 17, 2022: Tennessee signs up an all-time single-month record of $386 million in sports betting handle for January.
Feb. 10, 2022: Fubo is approved as the 10th sportsbook for online wagering in Tennessee. A launch date is not announced.
Jan. 24, 2022: Wagr ended up being the very first peer-to-peer betting platform to receive a license in the U.S. and is the ninth legally certified sportsbook operator in Tennessee.
Jan. 4, 2022: Record profits created by Tennessee-licensed sportsbooks continue, with near to $40 million in November.
Jan. 1, 2022: SWAC takes control of the regulation of sports wagering from the Tennessee Education Lottery.
Dec. 17, 2021: The Sports Wagering Advisory Council (SWAC) will presume sports betting regulative responsibilities in January following a handoff from TELC.
Nov. 17, 2021: Tennessee ends up being the fifth-fastest state to exceed $2 billion in bets, registering $2.335 billion in sports betting deal with throughout the very first 12 months.
October 2021: The Volunteer State tape-recorded its largest-ever regular monthly deal with in September; Tennessee sits $40 million shy of striking the $2 billion mark for 2021.
Oct. 21, 2021: Bally becomes a sports betting partner of the Nashville Predators.
Sept. 8, 2021: Barstool Sportsbook launches in Tennessee.
September 2021: Barstool Sportsbook and Wagr, a social sports betting app, get sports wagering running licenses from the Tennessee Education Lottery.
August 2021: Caesars obtains William Hill, and subsequently, the William Hill app is changed by the Caesars Sportsbook app in Tennessee.
April 30, 2021: WynnBET launches online operations in Tennessee following its approval from the state's Education Lottery.
March 2021: William Hill sportsbook launches in Tennessee with its mobile app.
Nov. 1, 2020: The very first online Tennessee sportsbooks go live, kicking off the state's legal online sports betting wagering industry.
September 2020: TELC authorizes its very first 3 sportsbook operators: DraftKings, FanDuel, and BetMGM.
April 2020: After months of criticisms and revisions, the Tennessee Education Lottery Corporation (TELC) approves settled regulations, including a 10% hold required for all operators. All operators are consequently permitted to begin making an application for licenses.
Nov. 2019: The Sports Betting Advisory Council is assembled by Tennessee lawmakers. The council starts designing the first draft of Tennessee sports wagering policies.
July 2019: The Tennessee Sports Gaming Act officially becomes sports betting law.
May 2019: Gov. Bill Lee allows the expense to end up being law without his signature. Despite being ethically opposed to gambling in Tennessee, Lee believes legalizing sports betting is in the state's benefit.
Nov. 2018: Rep. Rick Staples presents a bipartisan expense to legislate Tennessee sports wagering.
